March 2023 Arroyo Grande Housing Report

Arroyo Grande Median Home Prices decreased from last March to $1,180,000, 1% less than last year. There were 20 single-family homes sold during March, flat with last March. The area supply of homes was 25 active listings on the market, which places inventory at 13.8% below a year ago. The market is tightening for buyers, with new listings lasting just 9 days on the market. Sellers, on average, are getting 100.6% of their asking price, and 28.0% of sellers had to make a price reduction from the original list price to get their homes sold. Mortgage rates continue to fluctuate in the 6% range. Please contact me for a Market Report for your area! And if you’d like a report that shows the leading indicators as to where the market is headed over the next 30 to 90 days in your area, sign up for free! Just click on the link below, and you will be taken to the Arroyo Grande Report then place your city or zip code in the Search Box at the top of the page!

Barry Brown